Bitcoin (BTC) may never trade below $69,000 again, according to a key price forecasting tool. Network economist Timothy Peterson has reaffirmed his bullish outlook on Bitcoin’s price trajectory, citing his proprietary metric, the “Lowest Price Forward.”
Lowest Price Forward doesn't tell you where Bitcoin will be. It tells you where Bitcoin won't be.
— Timothy Peterson (@nsquaredvalue) March 4, 2025
There is a 95% chance it won't fall below $69k. pic.twitter.com/Ice2groEIX
Bitcoin’s New Price Floor?
In a post on X (formerly Twitter) on March 4, Peterson revealed that the Lowest Price Forward metric now sets $69,000 as a near-permanent floor for Bitcoin. The model, which he developed in 2019, indicates a 95% probability that BTC will not drop below this level.
“Lowest Price Forward doesn’t tell you where Bitcoin will be. It tells you where Bitcoin won’t be,” Peterson explained. “There is a 95% chance it won’t fall below $69K.”
Bitcoin’s price has experienced increased volatility in recent months, influenced by geopolitical tensions and macroeconomic factors. Despite hitting its lowest levels since November 2024, Peterson remains confident in both short-term and long-term BTC price action.
Historical Accuracy of the Model
Peterson’s model has a strong track record. In June 2020, he predicted that Bitcoin would never fall below four-digit prices after August of that year—a prediction that proved correct, albeit with a slight delay of two weeks.
His long-term projections are equally bold. In January 2025, when Bitcoin was trading around $92,000, Peterson predicted that BTC would reach $1.5 million by 2035.
“The year is 2035. Bitcoin is at – and you can hold me to this – $1.5 million. And somewhere someone is asking, ‘Is now a good time to buy Bitcoin?’” he stated.
Bitcoin’s Cooling-Off Period
Despite the optimistic forecast, Peterson acknowledges that Bitcoin’s recent surge to $78,000 was unsustainable. He previously suggested that Bitcoin’s “cooling-off period” could last two to three months before resuming its upward trend.
Updated Bitcoin price and trend. https://t.co/8irxkjf15z pic.twitter.com/KFFCJsu8jp
— Timothy Peterson (@nsquaredvalue) March 4, 2025
As Bitcoin’s price hovers near record highs, Peterson’s model suggests that the $69,000 threshold is unlikely to be breached again. If history repeats itself, BTC holders could be in for another historic bull run in the coming years.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Bitcoin Cash (BCH) Primed for 1,000% Surge: Analysts Predict Explosive Breakout to $4,100
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